Temenos Transact
R24 AMR | Min(s) read

Introduction

Temenos contract-based financial applications can generate SWIFT MT103/202 payment messages. Temenos strategic business modules generate Payment Orders and Temenos Payment solution decides the payment channel and the format of the messages that must be exchanged. Temenos legacy modules (for example, LD) which do not have the capability to generate payment orders will not be enhanced to provide this feature.

Temenos contract-based financial applications are designed to generate MT900/910 (debit and credit advice) messages. Some of these applications can also send MT210 (notice to receive) messages to their counterparties.

The Delivery MX Translation module enables banks to send ‘like for like’ (the tags populated in the ISO20022 outward messages are populated based on the fields supplied in the outward MT messages) ISO20022 CBPR compliant camt.054 and camt.057 messages to their counterparties based on the MT210/900/910 messages generated by the business modules. The Delivery MX Translation module also enables banks to generate Payment Order based on the MT103/202 messages generated by legacy modules like Loan and Deposit (LD) module.

Transact clients who are in releases prior to R22 AMR can implement a standalone Temenos Payments platform to process the ISO20022 SWIFT payments. Delivery MX Translation module, installed as part of standalone Temenos Payments platform, receives the MT103/202 generated by Transact business modules and transforms them to payment order. Temenos Payments executes the payment orders and generates the final ISO20022 message. Temenos Transact business modules that generate the MT210/900/910 messages can run in the same platform with Temenos Payments or can be implemented on a different platform (possibly on a lower release).

IZCAMT module is a Temenos strategic module that produces customer statements and account reporting messages. It offers ‘out of the box’ pre-configured enriched events and provides the flexibility to further customise and enrich the content of the transaction details. Delivery MX Translation module, available as part of Standalone Payments platform, generates ‘like for like’ ISO20022 statement and account report messages based on the MT940/950/941/942 messages generated from Temenos Transact.

If the Temenos Transact business modules and Temenos Payments are deployed on different platforms, the Delivery module must run on both platforms. In the Temenos Transact the Delivery module is used to generate SWIFT MT messages (SWIFT formatting) and on the Temenos Payment platform the Delivery module is used to generate the ISO20022 messages.

The SWIFTXML Delivery Carrier is released as part of Delivery (DE) module to be used for SWIFT MT messages that must be translated to ISO20022 standards. Though the SWIFTXML Delivery Carrier uses the SWIFT formatting module to generate MT messages, it has a dedicated interface which emits an extended MT message into a queue. The extended MT message includes the main details from the delivery message header along with the MT message.

Product Configuration

This section covers the setup required by the Delivery MX Translation module.

Illustrating Model Parameters

Model Parameters are not applicable for this module.

Illustrating Model Products

The SWIFTXML DE.CARRIER and SWIFTXMLINT DE.INTERFACE have been released to generate the MT messages that must be translated into ISO20022.

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Published on :
Tuesday, May 28, 2024 8:30:39 PM IST